Global Medical Plastics Strategic Research Report 2024: Market to Surpass $50 Billion by 2030 - Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications - ResearchAndMarkets.com
20 Feb 2024
DUBLIN--(BUSINESS WIRE)--The "Medical Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
'Medical Plastics - Global Strategic Business Report'
Global Medical Plastics Market to Reach $50.5 Billion by 2030
The global market for Medical Plastics estimated at US$31 Billion in the year 2022, is projected to reach a revised size of US$50.5 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Engineering Plastics, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the High Performance Plastics (hpp) segment is estimated at 7.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 7.8% CAGR
The Medical Plastics market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2030.
What`s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
Report Attribute
Details
No. of Pages
604
Forecast Period
2022 - 2030
Estimated Market Value (USD) in 2022
$31 Billion
Forecasted Market Value (USD) by 2030
$50.5 Billion
Compound Annual Growth Rate
6.3%
Regions Covered
Global
MARKET OVERVIEW
Plastics in Healthcare: Pioneering New Frontiers in Medical Device Evolution
Trends Shaping the Medical Devices and Medical Plastics Industries
Medical Plastics - A SWOT Analysis
Global Economic Update
COVID-19 Revives Interest in Plastics for Medical Industry
Competitive Market Presence - Strong/Active/Niche/Trivial for 97 Players Worldwide in 2023 (E)
Plastics Used in Medical Devices
Types of Medical Plastics
Recent Market Activity
MARKET TRENDS & DRIVERS
Bioplastics in the Medical Sector: A Sustainable Innovation Gaining Interest
Growing Applications of Bioresorbable and Biodegradable Polymers
Biodegradable Polymers in Nano Drugs: A Growing Market
Rise in Importance of 3D Printing in Manufacturing of Medical Devices
Multi-Jet Fusion Technology: Revolutionizing Medical 3D Printing
PEEK Emerges as a Key Material for 3D Printing Medical Devices
Micro-Moulding Medical Plastics, an Essential Manufacturing Technique for Implants and other Medical Devices
Silicone Gains Increased Acceptance in Medical Applications
Growing Prominence of Silicone in Surgical and Medical Device Bonding Drive Demand in Medical Applications
Wearable Medical Devices: A Lucrative End-use Market for Medical Silicone
Silicone Elastomers Gain Attractive Penetration in Medical & Healthcare Industry
Growing Adoption of Medical Robots Creates Demand for High Strength Plastics
Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications
Growing Demand for Point of care Diagnostics Drive Gains
Plastics Aid Artificial Organs Revolutionize Medical Industry
Engineered Resins Continue to Evolve
PEEK Polymers Gain Importance in Orthopedic Implants
Thermoplastic Elastomers Find Growing Use in Medical Industry
Rising Popularity of TPEs for Medical Tubing Applications
Antimicrobial Plastics for Medical Devices Gain Prominence
Trends in Decorating Techniques Used in Medical Device Manufacture
Disposables Widen Demand for Advanced Polymers
Medical Device Packaging: A Pivotal Aspect of Modern Healthcare System
Sterilization Techniques Play a Vital Role in Selection of Polymers for Medical Applications
Sustainable Healing: Pioneering the Recycling Revolution in Medical Plastics
Rise in Healthcare Expenditure to Drive Growth
Demographic Trends Push the Market Ahead
FOCUS ON SELECT PLAYERS (Total 97 Featured)
Chi Mei Corporation
Addiplast SA
Engineered Polymers (India) Pvt., Ltd.
Distrupol Ltd.
Elix Polymers SLU
GW Plastics, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/kq5v44
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